Risk Investment Project Evaluation System Design

The venture capital is a mode of investment, which is the special department of investment collect the capital from the fund or personal by some way, then invest the capita] into the industry with high variability in the kind of equity, and the investor take part in the management of the enterprise, at last the department of investment transfer the equity and get high lucre.The evaluation of project is an important procedure in any investment, it is more important to venture capital. So how to evaluate the venture capital project is the focus paid attention to by many expert and scholar at home and abroad in recent time.This paper introduces venture capital project evaluation and the index system of venture capital project evaluation on the base of analyzing the characteristic of venture capital project. Firstly, we investigate and interview some venture capital department on the base of study in existence. We received an elementary index system that includes three factor of the enterpriser of venture capital the enterprise of venture capital and the environment of market. Then, to aim at elementary index system we investigate the venture capital department at home by questionnaire. We modify the elementary index system on the base of the analysis of the statistics of questionnaire. Finally, we set up a model to analyze the venture capital project by using the Analytic Hierarchy Process (short for AHP), and get different weight to venture capital in different phase. To verify whether the model is feasible and exercisable or not, we evaluate two practical casus using this index system, and get the same result as practical evaluation. It verifies that the index system is efficacious.